{"id":12146,"date":"2022-10-26T15:44:55","date_gmt":"2022-10-26T14:44:55","guid":{"rendered":"https:\/\/thedailyleaks.com\/?p=12146"},"modified":"2022-10-26T19:03:09","modified_gmt":"2022-10-26T18:03:09","slug":"over-80%e2%84%85-of-currency-is-circulation-hoarded-cbn-to-redesign-naira-notes-emefiele","status":"publish","type":"post","link":"https:\/\/thedailyleaks.com\/over-80%e2%84%85-of-currency-is-circulation-hoarded-cbn-to-redesign-naira-notes-emefiele\/","title":{"rendered":"Over 80\u2105 of currency is circulation hoarded, CBN to redesign Naira notes \u2014 Emefiele"},"content":{"rendered":"

The Central Bank of Nigeria (CBN) is planning to release redesigned Naira notes by December 15, 2022, while the existing notes would seize to be regarded as legal tender by January 31, 2023.<\/p>\n

The CBN Governor, Godwin Emefiele, who disclosed this during a press briefing in Abuja, on Wednesday, October 26, 2022, said that it is worrisome that 85 per cent of the currency in circulation is being hoarded by Nigerians.<\/p>\n

ALSO READ:\u00a0Performance index for eNaira in three months \u2014 CBN Gov, Emefiele<\/a><\/strong><\/p>\n

While Emefiele urged Nigerians to proceed to their banks to deposit their Naira notes, he said the deposit fee would be waived for transactions below N150,000.<\/p>\n

Emefiele also informed that the redesigning of Naira notes would help to curb counterfeit notes, as well as ransom payment to terrorists and kidnappers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria (CBN) is planning to release redesigned Naira notes by December 15, 2022, while the existing notes would seize to be regarded as legal tender by January 31, 2023. The CBN […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":12147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,3,2],"tags":[169,444],"coauthors":[25],"class_list":{"0":"post-12146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-latest-news","9":"category-top-news","10":"tag-cbn","11":"tag-naira"},"yoast_head":"\nOver 80\u2105 of currency is circulation hoarded, CBN to redesign Naira notes \u2014 Emefiele - The Daily Leaks<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) is planning to release redesigned Naira notes by December 15, 2022, the apex bank governor has said...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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